HWLIX vs. HWNIX
HWLIX (Hotchkis & Wiley Large Cap Value Fund) and HWNIX (Hotchkis & Wiley International Value Fund) are both mutual funds - HWLIX is a Large Cap Value Equities fund managed by Hotchkis & Wiley, while HWNIX is a Foreign Large Cap Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWLIX returned 12.22%/yr vs 11.84%/yr for HWNIX. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.
Performance
HWLIX vs. HWNIX - Performance Comparison
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Returns By Period
In the year-to-date period, HWLIX achieves a 5.16% return, which is significantly lower than HWNIX's 13.36% return. Both investments have delivered pretty close results over the past 10 years, with HWLIX having a 12.22% annualized return and HWNIX not far behind at 11.84%.
HWLIX
- 1D
- 0.08%
- 1M
- -1.64%
- YTD
- 5.16%
- 6M
- 4.65%
- 1Y
- 21.13%
- 3Y*
- 16.93%
- 5Y*
- 10.08%
- 10Y*
- 12.22%
HWNIX
- 1D
- 0.65%
- 1M
- 1.71%
- YTD
- 13.36%
- 6M
- 13.53%
- 1Y
- 30.73%
- 3Y*
- 23.73%
- 5Y*
- 14.75%
- 10Y*
- 11.84%
HWLIX vs. HWNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWLIX Hotchkis & Wiley Large Cap Value Fund | 5.16% | 18.06% | 12.80% | 16.92% | -5.31% | 28.86% | -0.29% | 29.16% | -14.26% | 18.85% |
HWNIX Hotchkis & Wiley International Value Fund | 13.36% | 41.40% | 5.92% | 22.98% | -5.40% | 18.12% | -2.36% | 20.53% | -18.77% | 18.13% |
Correlation
The correlation between HWLIX and HWNIX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.81 |
The correlation between HWLIX and HWNIX shifts across timeframes, from 0.64 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HWLIX vs. HWNIX — Risk / Return Rank
HWLIX
HWNIX
HWLIX vs. HWNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Large Cap Value Fund (HWLIX) and Hotchkis & Wiley International Value Fund (HWNIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HWLIX | HWNIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 2.67 | +0.73 |
| Martin ratioReturn relative to average drawdown | 10.47 | 10.30 | +0.17 |
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Drawdowns
HWLIX vs. HWNIX - Drawdown Comparison
The maximum HWLIX drawdown since its inception was -70.48%, which is greater than HWNIX's maximum drawdown of -48.97%. Use the drawdown chart below to compare losses from any high point for HWLIX and HWNIX.
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Drawdown Indicators
| HWLIX | HWNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.48% | -48.97% | -21.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -11.63% | +5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -14.93% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -29.23% | +4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -46.72% | -48.97% | +2.25% |
Current DrawdownCurrent decline from peak | -4.21% | -1.22% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -7.96% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.01% | -0.96% |
Volatility
HWLIX vs. HWNIX - Volatility Comparison
The current volatility for Hotchkis & Wiley Large Cap Value Fund (HWLIX) is 4.21%, while Hotchkis & Wiley International Value Fund (HWNIX) has a volatility of 4.96%. This indicates that HWLIX experiences smaller price fluctuations and is considered to be less risky than HWNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWLIX | HWNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 4.96% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 12.14% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 14.86% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 17.86% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 19.96% | +1.57% |
HWLIX vs. HWNIX - Expense Ratio Comparison
Both HWLIX and HWNIX have an expense ratio of 0.95%.
Dividends
HWLIX vs. HWNIX - Dividend Comparison
HWLIX's dividend yield for the trailing twelve months is around 7.72%, less than HWNIX's 14.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWLIX Hotchkis & Wiley Large Cap Value Fund | 7.72% | 8.12% | 11.29% | 11.12% | 8.48% | 0.86% | 1.65% | 1.62% | 3.55% | 1.67% | 1.94% | 1.59% |
HWNIX Hotchkis & Wiley International Value Fund | 14.91% | 16.90% | 13.76% | 8.40% | 3.20% | 1.46% | 1.21% | 3.77% | 7.96% | 5.89% | 3.90% | 0.00% |
Frequently Asked Questions
HWLIX and HWNIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWNIX has higher volatility (4.96%) compared to HWLIX (4.21%). In terms of maximum drawdown, HWLIX dropped -70.48% vs HWNIX's -48.97%.
HWNIX currently has the higher Sharpe Ratio (2.09 vs 1.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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